Northwest Bancshares, Penns Woods to merge in $270.4M all-stock transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Merger Agreement: Northwest Bancshares will acquire Penns Woods Bancorp in an all-stock transaction valued at approximately $270.4 million, significantly enhancing its presence in North Central and Northeastern Pennsylvania with a combined asset total exceeding $17 billion.
Shareholder Benefits: Penns Woods shareholders will receive 2.385 shares of Northwest common stock for each share they own, resulting in a dividend increase and an expected 23% accretive impact on Northwest's earnings per share by 2026, with the merger anticipated to be completed by Q3 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
